Apartment Income REIT selloff brings attractive entry point, says Mizuho

Mizuho analyst Haendel St. Juste says the recent underperformance of Apartment Income REIT shares provides an attractive entry point. Apartment Income trades at the deepest discount in the space, suggesting risks of recent core deceleration, an uptick in leverage and its incremental complexity are more than priced in, the analyst tells investors in a research note. The firm says the stock offers “compelling risk-adjusted value” at current levels. It reiterates a Buy rating on the shares with a $40 price target.